Neogen Chemicals Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 09, 2024 at 02:45 pm EST
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Neogen Chemicals Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 1,644.4 million compared to INR 1,862.5 million a year ago. Revenue was INR 1,660.2 million compared to INR 1,876.5 million a year ago. Net income was INR 10.6 million compared to INR 146.9 million a year ago. Basic earnings per share from continuing operations was INR 0.41 compared to INR 5.89 a year ago. Diluted earnings per share from continuing operations was INR 0.41 compared to INR 5.89 a year ago.
For the nine months, sales was INR 4,910.2 million compared to INR 4,822.6 million a year ago. Revenue was INR 4,962.8 million compared to INR 4,849.8 million a year ago. Net income was INR 187.2 million compared to INR 356.5 million a year ago. Basic earnings per share from continuing operations was INR 7.41 compared to INR 14.29 a year ago. Diluted earnings per share from continuing operations was INR 7.41 compared to INR 14.29 a year ago.
Neogen Chemicals Limited is an India-based company, which is engaged in the business of manufacturing of specialty chemicals which are used in pharmaceutical, engineering and agro-chemical industries. The Company manufactures specialty bromine and lithium-based chemical compounds, with a portfolio of organic and inorganic chemicals. Its business segments include Organic Chemicals and Inorganic Chemicals. The organic chemicals segment is involved in manufacturing organic bromine-based compounds, advanced intermediates, specialty compounds and Grignard reagents. The inorganic chemicals segment includes specialty, inorganic lithium based chemical products. The Company focusses on producing a wide range of specialty chemicals, including organic and inorganic chemicals. These chemicals are utilized in various industries, such as pharmaceuticals, agrochemicals, engineering, electronics, polymers, water treatment, construction, aroma chemicals, flavors and fragrances, and specialty polymers.
NEOGEN CHEMICALS LIMITED 
